Regions Financial's (RF) Equal Weight Rating Reiterated at Stephens

Key Points

• Regions Financial's stock has been given an "equal weight" rating by analysts at Stephens, with a revised price objective of $27.00, down from $30.00, indicating a potential upside of 7.34%.
• While Regions Financial received varied ratings from multiple firms, the consensus rating remains as a "Moderate Buy", with an average price target of $27.79.
• The company recently reported a quarterly EPS of $0.39 and a revenue of $1.81 billion, exhibiting a return on equity of 13.08%.

Regions Financial (NYSE:RF - Get Free Report)'s stock had its "equal weight" rating reissued by investment analysts at Stephens in a research report issued to clients and investors on Tuesday, Marketbeat reports. They presently have a $27.00 price objective on the bank's stock, down from their prior price objective of $30.00. Stephens' target price points to a potential upside of 7.34% from the company's previous close.

RF has been the topic of a number of other research reports. Keefe, Bruyette & Woods increased their price objective on Regions Financial from $29.00 to $30.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Cantor Fitzgerald assumed coverage on Regions Financial in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $30.00 price target on the stock. Morgan Stanley set a $32.00 price target on Regions Financial in a research note on Monday, September 29th. Wall Street Zen raised Regions Financial from a "sell" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, DA Davidson raised their price objective on Regions Financial from $25.00 to $29.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Twelve research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.79.

Regions Financial Stock Up 2.4%

RF opened at $25.15 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.30. The firm has a market cap of $22.44 billion, a P/E ratio of 11.70, a PEG ratio of 1.17 and a beta of 1.02. Regions Financial has a 52 week low of $17.74 and a 52 week high of $27.96. The business's fifty day simple moving average is $26.28 and its 200 day simple moving average is $23.64.

Regions Financial (NYSE:RF - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The bank reported $0.39 EPS for the quarter. The business had revenue of $1.81 billion for the quarter. Regions Financial had a return on equity of 13.08% and a net margin of 21.81%. As a group, equities research analysts anticipate that Regions Financial will post 2.26 EPS for the current fiscal year.

Insider Activity at Regions Financial

In other Regions Financial news, EVP David R. Keenan sold 30,000 shares of Regions Financial stock in a transaction that occurred on Wednesday, August 6th. The stock was sold at an average price of $25.01, for a total transaction of $750,300.00. Following the sale, the executive vice president directly owned 90,915 shares in the company, valued at $2,273,784.15. The trade was a 24.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roger W. Jenkins purchased 4,000 shares of Regions Financial stock in a transaction dated Wednesday, August 13th. The shares were bought at an average cost of $25.48 per share, for a total transaction of $101,920.00. Following the transaction, the director directly owned 6,383 shares of the company's stock, valued at approximately $162,638.84. The trade was a 167.86% increase in their position. The disclosure for this purchase can be found here. 0.29% of the stock is owned by insiders.

Institutional Investors Weigh In On Regions Financial

A number of institutional investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in shares of Regions Financial by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 44,211,562 shares of the bank's stock valued at $960,717,000 after acquiring an additional 1,562,512 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Regions Financial by 1.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 31,484,310 shares of the bank's stock valued at $740,511,000 after acquiring an additional 391,568 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Regions Financial by 0.5% in the 2nd quarter. Geode Capital Management LLC now owns 23,794,677 shares of the bank's stock valued at $557,370,000 after acquiring an additional 109,549 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Regions Financial by 35.7% in the 1st quarter. Invesco Ltd. now owns 20,990,446 shares of the bank's stock valued at $456,122,000 after acquiring an additional 5,521,772 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Regions Financial in the 2nd quarter valued at approximately $246,790,000. 79.39% of the stock is currently owned by institutional investors.

About Regions Financial

Regions Financial Corporation, a financial holding company, provides banking and bank-related services to individual and corporate customers. It operates through three segments: Corporate Bank, Consumer Bank, and Wealth Management. The Corporate Bank segment offers commercial banking services, such as commercial and industrial, commercial real estate, and investor real estate lending; equipment lease financing; deposit products; and securities underwriting and placement, loan syndication and placement, foreign exchange, derivatives, merger and acquisition, and other advisory services.